Giants Gain $1.25 Million in Cap Space With Snee Restructure

I don’t any firm source on this, but based on NFLPA records it seems as if the Giants have again restructured the contract of G Chris Snee by passing along $2.5 million of his $4.2 million base salary in the form of a signing bonus.The Giants cap was so tight after the signing of FB John Conner ($60,000) that they were in a position where they had to make a move just to function for the rest of the year. Snee has always been the teams go to guy for restructures and they went there again.

It does not seem any other changes were made to the contract and essentially the Giants are simply deferring $1.25 million in cap charges to 2014 when their salary cap books are a bit cleaner than they are in 2013. Snee’s cap next year should be $11.75 million with a dead money charge of $4.5 million if released. With the Giants in the middle of a very disappointing season he could be one of many veterans let go after the season, but for now he’ll give the Giants some much needed breathing room.

Featured Contract

Russell Wilson signed a four year contract extension with the Seahawks worth $87.6 million on July 31, 2015. According to SI's Peter King, Wilson received a $31 million signing bonus. Per Ian Rapoport of NFL.com the following tweet has the breakdown of the Wilson extension which we are using to estimate the cap charges at the moment. Wilson received $31.7 million fully guaranteed upon signing. His 2016, 2017, and $4.9 million of his 2018 salary are guaranteed for injury and will become fully guaranteed on the 5th day of the waiver period in 2016 and 2017. The total guarantee is $61.542 million.